VISIUM TECHNOLOGIES, INC. (VISM): debt financing — Visium Technologies issues $47K convertible note to 1800 Diagonal Lending at 10% with variable conversion

VISIUM TECHNOLOGIES, INC.

Net proceeds ~$40K after $2K OID and $5K expense reimbursement; proceeds for working capital.
12-month maturity; conversion price fixed at $1.50 for first 180 days, then 65% of lowest trading price.
Prepayment penalties: 120% within 60 days, 125% for days 61-180.
Right of first refusal granted to investor for future equity/debt offerings under $150K for 9 months.
Note unregistered, issued under Regulation D; carries 10% interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

VISIUM TECHNOLOGIES, INC. incurred convertible notes of $47,000 with 1800 Diagonal Lending LLC at 10% maturing 12 months after the date of issuance.

Instrument: convertible notes
Principal: $47,000
Counterparty: 1800 Diagonal Lending LLC
Rate: 10%
Maturity: 12 months after the date of issuance
Event: incurrence

Exact text from the filing

the Company issued to the Investor on that date a 10% Convertible Promissory Note (the “Note”) in the principal amount of $47,000 in exchange for a purchase price of $45,000

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VISIUM TECHNOLOGIES, INC. entered into 10% Convertible Promissory Note with 1800 Diagonal Lending LLC valued at $47,000 (effective 2023-09-12).

Action: entry
Agreement: notes offering
Counterparty: 1800 Diagonal Lending LLC
Value: $47,000
Effective: 2023-09-12

Exact text from the filing

a Florida corporation (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with 1800 Diagonal Lending LLC, a Virginia limited liability company (the “Investor”), pursuant to which the Company issued to the Investor on that date a 10% Convertible Promissory Note (the “Note”) in the principal amount of $47,000 in exchange for a purchase price of $45,000.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VISIUM TECHNOLOGIES, INC. entered into Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at $47,000 (effective 2023-09-12).

Action: entry
Agreement: equity purchase
Counterparty: 1800 Diagonal Lending LLC
Value: $47,000
Effective: 2023-09-12

Exact text from the filing

On September 12, 2023, Visium Technologies, Inc. a Florida corporation (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with 1800 Diagonal Lending LLC, a Virginia limited liability company (the “Investor”), pursuant to which the Company issued to the Investor on that date a 10% Convertible Promissory Note (the “Note”) in the principal amount of $47,000

View on SEC.gov

Browse all debt financings →

VISIUM TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001654954-23-011940

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.